Hong Kong Exchanges and Clearing is developing a new blockchain-powered trading platform designed to help international investors to trade local Chinese shares via Hong Kong’s Stock Connect system, according to the report of Reuters.
Stock Connect is a system used in order to link two mainland exchanges in Shanghai and Shenzhen with Hong Kong. As these exchanges use different systems of settlement it becomes the only means for international investors to trade mainland stocks directly.
The prototype of system uses blockchain to improve sharing information between asset managers, brokers, custodians, and the Hong Kong Exchange on northbound trades made through Stock Connect.
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